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Apollo Commercial Real Estate Finance, Inc.

ARI
Exchange
NYSE
Industry
Real Estate Investment Trusts
SEC CIK
0001467760

In the last 90 days, Apollo Commercial Real Estate Finance, Inc. insiders filed 0 open-market purchases and 1 sale; 285 institutions reported holding it in 13F filings for Q2 2026, worth $865.9M in total; no superinvestor holds it.

13F holders, Q1 2026

Institutional positions in Apollo Commercial Real Estate Finance, Inc. as of Mar 31, 2026. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works

Institutional holders
271
+17 vs. Q4 2025
Shares held
85.9M
+18.9M (+28.3%) vs. Q4 2025
Total value
$908.0M
+$258.6M (+39.8%) vs. Q4 2025
New holders
48
83 more added
Sold out
31
89 more reduced

8 institutions that held it in Q4 2025 haven't filed for Q1 2026 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q4 2025: new holders, sold out and not filed yet

Holders and value by quarter

Institutions reporting ARI on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.

Institutional holdersQ1 2026: 271 institutions
Q1 2021: 225 institutionsQ2 2021: 218 institutionsQ3 2021: 209 institutionsQ4 2021: 228 institutionsQ1 2022: 231 institutionsQ2 2022: 232 institutionsQ3 2022: 228 institutionsQ4 2022: 251 institutionsQ1 2023: 248 institutionsQ2 2023: 240 institutionsQ3 2023: 228 institutionsQ4 2023: 233 institutionsQ1 2024: 237 institutionsQ2 2024: 231 institutionsQ3 2024: 240 institutionsQ4 2024: 239 institutionsQ1 2025: 249 institutionsQ2 2025: 253 institutionsQ3 2025: 262 institutionsQ4 2025: 262 institutionsQ1 2026: 271 institutionsQ2 2026: 285 institutions
Value heldQ1 2026: $908.0M
Q1 2021: $1.21BQ2 2021: $1.34BQ3 2021: $1.23BQ4 2021: $1.07BQ1 2022: $1.13BQ2 2022: $821.4MQ3 2022: $651.3MQ4 2022: $846.0MQ1 2023: $747.5MQ2 2023: $875.2MQ3 2023: $771.0MQ4 2023: $909.5MQ1 2024: $853.9MQ2 2024: $755.5MQ3 2024: $700.0MQ4 2024: $675.8MQ1 2025: $766.2MQ2 2025: $766.9MQ3 2025: $809.8MQ4 2025: $797.4MQ1 2026: $908.0MQ2 2026: $865.9M
Institutions holding ARI and their total value by quarter
QuarterHoldersValue
Q2 2026285$865.9M
Q1 2026271$908.0M
Q4 2025262$797.4M
Q3 2025262$809.8M
Q2 2025253$766.9M
Q1 2025249$766.2M
Q4 2024239$675.8M
Q3 2024240$700.0M
Q2 2024231$755.5M
Q1 2024237$853.9M
Q4 2023233$909.5M
Q3 2023228$771.0M
Q2 2023240$875.2M
Q1 2023248$747.5M
Q4 2022251$846.0M
Q3 2022228$651.3M
Q2 2022232$821.4M
Q1 2022231$1.13B
Q4 2021228$1.07B
Q3 2021209$1.23B
Q2 2021218$1.34B
Q1 2021225$1.21B

Institutions, Q1 2026

Shares, value and share of portfolio for each institution holding Apollo Commercial Real Estate Finance, Inc.; share changes are against Q4 2025.

Institutions holding ARI in Q1 2026
InstitutionSharesValue% of portfolioChange in sharesAction
DRW Securities, LLC12,655$133.6K0.01%+12,655New
CIBC Asset Management Inc12,735$134.5K0.00%−301−2.3%Reduced
Xponance, Inc.12,781$135.0K0.00%+1,836+16.8%Added
State of Wisconsin Investment Board12,936$136.6K0.00%+12,936New
Optiver Holding B.V.13,330$140.8K0.01%+12,957+3,473.7%Added
Teacher Retirement System of Texas13,825$146.0K0.00%+13,825New
Mutual of America Capital Management LLC15,017$158.6K0.00%+89+0.6%Added
Diversify Wealth Management, LLC15,234$163.6K0.00%+233+1.6%Added
Global Assets Advisory, LLC16,128$170.3K0.05%−1,098−6.4%Reduced
Ieq Capital, LLC16,351$172.7K0.00%−46,009−73.8%Reduced
Chiron Capital Management, LLC16,920$178.7K0.18%+16,920New
Envestnet Asset Management Inc17,084$180.4K0.00%−2,122−11.0%Reduced
Creative Planning17,170$181.3K0.00%−2,770−13.9%Reduced
Russell Investments Group, Ltd.17,398$183.7K0.00%−19,033−52.2%Reduced
FMR LLC18,096$191.1K0.00%−56−0.3%Reduced
Pictet Asset Management Holding SA18,906$199.6K0.00%+5,071+36.7%Added
Maryland State Retirement & Pension System18,952$200.1K0.00%00.0%Unchanged
CWM, LLC19,300$203.8K0.00%+1,572+8.9%Added
Farther Finance Advisors, LLC19,373$204.0K0.00%+14,336+284.6%Added
Citigroup Inc20,324$214.6K0.00%−37,988−65.1%Reduced
ProShare Advisors LLC21,654$228.7K0.00%−5,407−20.0%Reduced
Commonwealth Equity Services, LLC22,150$233.9K0.00%−988−4.3%Reduced
Winton Group Ltd22,218$234.6K0.01%−16,026−41.9%Reduced
The PNC Financial Services Group, Inc.22,407$236.6K0.00%−793−3.4%Reduced
Empowered Funds, LLC23,238$245.4K0.00%+23,238New
Public Employees Retirement Association of Colorado23,479$248.0K0.00%00.0%Unchanged
Parallax Volatility Advisers, L.P.22,968$252.6K0.01%+22,968New
STRS Ohio24,300$256.6K0.00%−1,100−4.3%Reduced
CF Capital LLC25,000$264.0K0.32%−35,000−58.3%Reduced
Voya Investment Management LLC25,763$272.1K0.00%−472−1.8%Reduced
Caxton Associates LLP25,773$272.2K0.01%−68,627−72.7%Reduced
Barclays PLC26,404$278.8K0.00%−191,396−87.9%Reduced
Natixis Advisors, L.P.27,583$291.0K0.00%+27,583New
KLP Kapitalforvaltning AS28,000$301.6K0.00%00.0%Unchanged
Nisa Investment Advisors, LLC27,913$303.2K0.00%+13,985+100.4%Added
Oregon Public Employees Retirement Fund30,015$317.0K0.00%+100+0.3%Added
BNP Paribas Arbitrage, SA30,897$326.3K0.00%−532−1.7%Reduced
Cerity Partners LLC31,069$328.1K0.00%+5,059+19.5%Added
Private Advisor Group, LLC31,773$335.5K0.00%−662−2.0%Reduced
Commonwealth of Pennsylvania Public School Empls Retrmt Sys32,451$342.7K0.00%+117+0.4%Added
Beacon Pointe Advisors, LLC32,691$345.2K0.00%+9,653+41.9%Added
Teachers Retirement System of the State of Kentucky32,739$346.0K0.00%00.0%Unchanged
H&H Retirement Design & Management INC31,860$351.7K0.17%00.0%Unchanged
Mercer Global Advisors Inc34,718$366.6K0.00%−11,594−25.0%Reduced
Yousif Capital Management, LLC34,941$369.0K0.00%−75−0.2%Reduced
Arizona State Retirement System36,256$382.9K0.00%−533−1.4%Reduced
HighTower Advisors, LLC36,951$390.2K0.00%+4,505+13.9%Added
Boothbay Fund Management, LLC37,073$391.5K0.01%+37,073New
Amalgamated Bank38,045$402.0K0.00%−189−0.5%Reduced
Vanguard Investments Australia, Ltd.38,094$402.3K0.00%+38,094New
Police & Firemen's Retirement System of New Jersey38,669$408.3K0.00%00.0%Unchanged
New York State Common Retirement Fund39,132$413.2K0.00%00.0%Unchanged
Royal Bank of Canada40,163$424.0K0.00%−20,811−34.1%Reduced
Quantinno Capital Management LP41,339$436.5K0.00%+4,306+11.6%Added
Group One Trading, L.P.42,716$451.1K0.01%+42,716New
Intech Investment Management LLC43,737$461.9K0.00%−85,529−66.2%Reduced
SG Americas Securities, LLC45,435$480.0K0.00%−54,505−54.5%Reduced
Mariner, LLC45,471$480.2K0.00%−8,499−15.7%Reduced
State of Wyoming46,395$489.9K0.06%−764−1.6%Reduced
Cetera Investment Advisers46,890$495.2K0.00%−12,176−20.6%Reduced
CWM Advisors, LLC48,825$515.6K0.03%+668+1.4%Added
Vanguard Global Advisers, LLC51,605$544.9K0.00%+51,605New
State of Tennessee, Treasury Department52,590$555.4K0.00%+4,891+10.3%Added
SEI Investments Co54,167$572.0K0.00%+11,103+25.8%Added
Triumph Capital Management53,160$574.7K0.12%+181+0.3%Added
Cambridge Investment Research Advisors, Inc.56,534$597.0K0.00%+579+1.0%Added
Manufacturers Life Insurance Company, The56,817$600.0K0.00%−1,638−2.8%Reduced
State Board of Administration of Florida Retirement System57,264$604.7K0.00%00.0%Unchanged
Louisiana State Employees Retirement System58,200$614.6K0.01%−1,600−2.7%Reduced
Janus Henderson Group PLC59,476$628.4K0.00%00.0%Unchanged
Natixis60,000$633.6K0.00%00.0%Unchanged
Zurcher Kantonalbank (Zurich Cantonalbank)60,180$635.5K0.00%+15,169+33.7%Added
Voloridge Investment Management, LLC62,895$664.2K0.00%+62,895New
Stifel Financial Corp63,448$670.0K0.00%+170+0.3%Added
QRG Capital Management, Inc.64,026$676.1K0.01%+7,742+13.8%Added
State of Alaska, Department of Revenue65,104$687.0K0.01%−1,399−2.1%Reduced
Handelsbanken Fonder AB65,302$690.0K0.00%+11,500+21.4%Added
Illinois Municipal Retirement Fund65,824$695.1K0.01%−3,833−5.5%Reduced
Sophron Capital Management L.P.70,484$744.3K0.22%+70,484New
PFG Investments, LLC71,830$758.5K0.04%+589+0.8%Added
Bank of Montreal71,989$760.2K0.00%+6,044+9.2%Added
Samalin Investment Counsel, LLC72,259$763.0K0.27%−11,423−13.7%Reduced
MetLife Investment Management73,135$772.3K0.00%−2,177−2.9%Reduced
Lido Advisors, LLC75,724$818.6K0.00%−120.0%Reduced
Kestra Advisory Services, LLC85,940$907.5K0.00%+4,514+5.5%Added
Advisor Group Holdings, Inc.91,958$971.1K0.00%+16,939+22.6%Added
LDR Capital Management LLC95,131$1.00M1.35%+95,131New
Rockefeller Capital Management L.P.97,048$1.02M0.00%+73,450+311.3%Added
Victory Capital Management Inc99,069$1.05M0.00%−180.0%Reduced
Raymond James Financial Inc100,662$1.06M0.00%+10,468+11.6%Added
Troluce Capital Advisors LLC104,800$1.11M0.12%+104,800New
American Financial Group Inc105,154$1.11M0.41%00.0%Unchanged
Citadel Advisors LLC107,656$1.14M0.00%−268,709−71.4%Reduced
Vanguard Asset Management, Ltd112,036$1.18M0.00%+112,036New
Skopos Labs, Inc.112,471$1.19M0.04%+112,471New
Thrivent Financial for Lutherans112,752$1.19M0.00%+4,139+3.8%Added
Great West Life Assurance Co113,037$1.19M0.00%+4,472+4.1%Added
Novare Capital Management LLC114,175$1.21M0.10%+5,500+5.1%Added
Penserra Capital Management LLC118,335$1.25M0.01%+3,336+2.9%Added
Simplex Trading, LLC119,664$1.26M0.04%+119,664New